Church Hill                                     2293

(i) Do such other things in relation to the Fiscal or financial affairs
of the Town as the Commission may require or as may be required else-
where in this Charter.

31.     (Bond of Clerk-Treasurer.) The Clerk-Treasurer shall execute
a bond, at the expense of the Town, with such corporate surety, in such
amount and with such conditions as the Commission by Resolution may
require.

32.    (Fiscal Year.) The Town shall operate on an annual budget.
The fiscal year of the Town shall begin on the first day of July of
each year and shall end on the last day of June. Such fiscal year shall
constitute the tax year, the budget year, and the accounting year.

33.    (Budget.) The Clerk-Treasurer, on such date as the Commis-
sion by ordinance shall determine, but at least thirty-two days before
the beginning of any fiscal year, shall submit a budget to the Commission.
The budget shall provide a complete financial plan for the budget year
and shall contain estimates of anticipated revenues and proposed expend-
itures for the coming year. The total of the anticipated revenues shall
equal or exceed the total of the proposed expenditures. The budget shall
be a public record in the office of the Clerk-Treasurer, open to public
inspection by anyone during normal business hours.

34.    (Budget Adoption.) Before adopting the budget the Commis-
sion shall hold a meeting thereon. The Commission may insert new items
or may increase or decrease the items of the budget. Where the Com-
mission shall increase the total proposed expenditures it shall also increase
the total anticipated revenues in any amount at least equal to such total
proposed expenditures. The budget shall be prepared and adopted in the
form of a resolution. A favorable vote of at least a majority of the total
elected membership of the Commission shall be necessary for adoption.

35.    (Appropriations.) No public money may be expended without
having been appropriated by the Commission. From the effective date
of the budget, the several amounts stated therein as proposed expenditures
shall be and become appropriated to the several objects and purposes
named therein.

36.    (Transfer of Funds.) Any transfer of funds between major
appropriations for different purposes must be approved by the Commis-
sion before becoming effective.

37.    (Over-Expenditure Forbidden.) No officer or employee shall
during any budget year expend or contract to expend any money or
incur any liability or enter into any contract which by its terms in-
volves the expenditure of money for any purpose, in excess of the amounts
appropriated for or transferred to that general classification of expend-
iture pursuant to this Charter. Any contract, verbal or written, made
in violation of this Charter shall be null and void. Nothing in this
section contained, however, shall prevent the making of contracts or the
spending of money for capital improvements to be financed in whole
or in part by the issuance of bonds, nor the making of contracts of
lease or for services for a period exceeding the budget year in which
such contract is made, when such contract is permitted by law.

38.    (Appropriations Lapse After One Year.) All appropriations
shall lapse at the end of the budget year to the extent that they shall
not have been expended or lawfully encumbered. Any unexpended and